Plan to Buy
Intentions of Consumers Regarding Future Automobile Purchases

question 178

Short Answer

Plan to buy
Intentions of consumers regarding future automobile purchases and the financial capability of the consumers are given below: $$\begin{array}{l}\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \text { Plan to buy }\\\begin{array} { | c | c c c | } \hline \begin{array} { c } \text { Qualify for } \\\text { Financing }\end{array} & \begin{array} { c } \text { Within 6 months } \\( \mathrm { A } )\end{array} & \begin{array} { c } \text { 6 months or longer } \\( \mathrm { B } )\end{array} & \begin{array} { c } \text { No } \\\text { (C) }\end{array} \\\hline \text { Yes (D) } & 0.30 & 0.20 & 0.10 \\\text { No (E) } & 0.10 & 0.10 & 0.20 \\\hline\end{array}\end{array}$$
-For a randomly selected consumer,find the following probability: P(D).

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Definitions:

Adjusted From

A term used to indicate the process of making modifications or changes to financial or other data for the purpose of providing a clearer picture of a situation or condition.

Significant Influence

The ability of a shareholder or an entity to shape the financial and operating policies of another company without having control over it.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders in the form of cash.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues, indicating the company's financial performance over a specific period.